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Charger Metals (ASX:CHR) is focused on battery metals in Western Australia, the Northern Territory and Perth. Charger Metals CEO David Crook gives an update on how the company is working to advance their three projects.
In March 2022, Charger Metals signed an access agreement to drill Coates Project nickel-copper-pge target near Julimar and located 60 kilometers northeast of Perth. A month later, the company confirmed massive sulphide targets in the area.
“We knew that the rocks were the same kind of rocks that you get nickel in. We’re able to give a number of their drop samples which we essayed for nickel and platinum group elements. And we got a coincident anomaly right on the edge of the rocks that we consider to be good. We did an EM survey and ground surveys of similar style. We’ve got good geochemistry in the soils, we’ve got conductive rocks – the kind of rocks that we’re looking for. So the next thing we got to do is drill,” said Crook.
Charger Metals is planning and permitting its maiden drilling program at its Bynoe Lithium Project in the Northern Territory after recent targeting activities suggest a large lithium system. Crook shared that with Core Lithium (ASX:CXO) entirely surrounding their project, they would be very keen to do a transaction that wouldn’t involve capital.
“It’s just a matter of drilling these things. The summary of the last 11 months since we listed is we go through an update using modern geochemistry and modern geophysics. Let’s do our targeting properly. And all three delivered projects are quite enviable and drill ready.”
Meanwhile, its Lake Johnston Lithium project in Western Australia is considered Charger Metals’ most advanced project with tenements covering almost 25km of prospective ground.
Crook added, “We’re in very good areas. We’ve got good targets and our market capitalization is sitting at about $20 million. From a leverage point of view, I don’t know of another company that would give investors the opportunity to have three horses in the race for a major uptick in the value of the company.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.